e.l.f. Beauty Inc (NYSE:ELF) – Equities research analysts at Jefferies Financial Group lowered their Q3 2021 earnings per share estimates for e.l.f. Beauty in a research note issued to investors on Monday, May 18th. Jefferies Financial Group analyst S. Wissink now forecasts that the company will earn $0.17 per share for the quarter, down from their prior estimate of $0.18. Jefferies Financial Group currently has a “Buy” rating and a $18.00 target price on the stock.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. e.l.f. Beauty had a net margin of 0.11% and a return on equity of 7.30%. The business had revenue of $74.71 million for the quarter, compared to analysts’ expectations of $64.11 million. During the same period last year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 13.0% on a year-over-year basis.
A number of other brokerages have also recently commented on ELF. ValuEngine upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. SunTrust Banks increased their price target on shares of e.l.f. Beauty from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Friday. DA Davidson increased their price target on shares of e.l.f. Beauty from $17.00 to $18.50 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley increased their price target on shares of e.l.f. Beauty from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Oppenheimer reissued a “hold” rating on shares of e.l.f. Beauty in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.25.
Shares of NYSE ELF opened at $16.86 on Thursday. e.l.f. Beauty has a one year low of $7.58 and a one year high of $20.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 1.92. The firm’s 50 day simple moving average is $11.67 and its two-hundred day simple moving average is $14.60. The stock has a market capitalization of $710.41 million, a P/E ratio of -1,684.32 and a beta of 2.23.
Several large investors have recently added to or reduced their stakes in ELF. Victory Capital Management Inc. boosted its stake in shares of e.l.f. Beauty by 6,397.9% during the first quarter. Victory Capital Management Inc. now owns 1,796,549 shares of the company’s stock valued at $17,678,000 after purchasing an additional 1,768,901 shares during the period. Point72 Asset Management L.P. purchased a new stake in e.l.f. Beauty in the fourth quarter worth $13,704,000. Nuveen Asset Management LLC lifted its stake in e.l.f. Beauty by 83.1% in the fourth quarter. Nuveen Asset Management LLC now owns 1,315,355 shares of the company’s stock worth $21,217,000 after acquiring an additional 596,810 shares during the period. Lord Abbett & CO. LLC purchased a new stake in e.l.f. Beauty in the first quarter worth $4,965,000. Finally, Eagle Asset Management Inc. purchased a new stake in e.l.f. Beauty in the first quarter worth $4,309,000. 89.22% of the stock is owned by hedge funds and other institutional investors.
About e.l.f. Beauty
e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.
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